Editor's note: This "On the Move" section appears in the new E&P newsletter. This weekly section highlights new hires, appointments, retirements and promotions as well as company news such as new office locations and major M&A deals. Submit your company news to Ariana Hurtado at email@example.com. Subscribe to the E&P newsletter here.
Surge Energy US Holdings Co. has announced COO J. Phillip Webb will retire from the company. Read more here.
Quorum Software has named Paul Langenbahn president. Langenbahn previously served as executive vice president and president of the commerce business unit of NCR Corp. Read more here.
Kongsberg Digital has named Benedicte Willumsen Grieg vice president of strategy.
Pioneer Natural Resources Co. has added Maria S. Jelescu Dreyfus, founder of Ardinall Investment Management, to its board of directors, as the large independent oil and gas producer aims to elevate its ESG status. Read more here.
Tellurian Inc. has appointed James D. Bennett to the board of directors. Read more here.
Royal Dutch Shell Plc has agreed to the sale of its Permian Basin position on Sept. 20 as the supermajor doubles down on its emissions goals. Shell’s exit from the Permian Basin has long been rumored, initially spurred by a landmark Dutch court ruling earlier this year ordering the company to speed up its plans to cut greenhouse-gas emissions. Read more here.
Sparrows Group has expanded with its move to six new facilities in Abu Dhabi, Kazakhstan, Qatar, Saudi Arabia, Australia and the U.S. The growth has been driven by increased demand for its services in these countries, such as maintenance of critical machinery in the energy and industrial sectors, and is set to create 200 jobs.
Lagoon Water Midstream has acquired Double Drop Resources in the Midland Basin. With ongoing support from Macquarie Infrastructure Partners, this acquisition significantly expands Lagoon’s operations and establishes it as a multi-basin water management company with a presence in the heart of the Permian. Lagoon absorbed all Double Drop employees, will office in downtown Midland and will add additional disposal and water recycling facilities in the basin. Read more here.
The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position and 12,000 boe/d of production that is expected to more than double through 2020.
Norway's Equinor started production at its oil and gas field Martin Linge in the North Sea near the maritime border with Britain, the company said on July 1.
The U.S. GoM accounts for roughly 17% of the nation’s oil production, totaling about 1.7 MMbbl/d, according to the U.S. Energy Information Administration.